Jiayin Group Inc. (NASDAQ:JFIN) Sees Significant Decline in Short Interest

Jiayin Group Inc. (NASDAQ:JFIN) experienced a notable decline in short interest for the month of February. By February 28th, the total short interest had decreased to 53,100 shares, reflecting a significant drop of 36.0% from the previous total of 83,000 shares recorded on February 13th. This decrease indicates that only about 0.2% of the company's shares are currently sold short. Given the average daily trading volume of 135,500 shares, the short-interest ratio is now at 0.4 days.

Jiayin Group Experiences Stock Surge

On Friday, shares of Jiayin Group (NASDAQ:JFIN) increased by 20.2%, rising by $1.99 to reach $11.82. During the trading session, a total of 330,531 shares changed hands, significantly surpassing the average volume of 91,501 shares. The company's fifty-day moving average stands at $8.70, while the 200-day moving average is $7.19. Over the past year, Jiayin Group’s stock has achieved a low of $4.00 and a high of $12.00. Presently, the company's market capitalization is $634.56 million, displaying a price-to-earnings ratio of 3.94 and a beta of 0.78.

Changes in Institutional Investment

Several institutional investors and hedge funds have recently adjusted their holdings in Jiayin Group. For instance, XTX Topco Ltd acquired a new position worth approximately $109,000 during the fourth quarter. Additionally, Renaissance Technologies LLC increased its ownership in Jiayin Group by 10.3% over the same period, bringing its total to 19,291 shares valued at $123,000 after adding 1,799 shares in the last quarter. Similarly, LPL Financial LLC also acquired a new stake amounting to around $174,000 during the fourth quarter. Collectively, institutional investors and hedge funds now control 44.08% of the shares of Jiayin Group.

About Jiayin Group Inc.

Jiayin Group Inc., along with its subsidiaries, provides a range of online consumer finance services within the People's Republic of China. The company operates a fintech platform designed to connect individual borrowers with financial institutions. In addition to this, Jiayin Group offers referral services for investment products provided by financial service providers and also engages in technology development and services, along with guaranteeing services.

Investment Considerations

Before making any investment, it's crucial to weigh your options carefully. Current market analysis suggests that Jiayin Group holds a 'Hold' rating among analysts. However, research teams have identified five alternative stocks that are reportedly better investment opportunities at this time.

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Jiayin, Stocks, Investment